Page 1001 - Company News

Adani Ports to tap bond market for first time in more than two years

Both of Adani Ports's bonds have an issue size of 2.5 billion rupees. The company will offer a coupon of 8.70% on the bonds maturing in five years and an 8.80% coupon on the bonds maturing in 10 years

NHPC pledges to invest Rs 4k cr in 750 MW Kuppa hydro storage project

NHPC has inked an initial pact to invest Rs 4,000 crore in 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur in Gujarat.

Medway Hospitals raises $5m in funding round led by Kyra Ventures

Chennai-based group operates eight multi-multispeciality hospitals that provide range of services

Flipkart forms strategic partnership with digit asset company Fireblocks

'India is fast emerging as the global hub for innovation in Web3,' said Ravi Krishnan, Head of Flipkart Labs

Coffee Day Enterprises' total default rises to Rs 434 cr in Dec quarter

Coffee Day Enterprises Ltd (CDEL), which is paring its debts through asset resolution, in a regulatory update said "the delay in debt servicing is due to liquidity crisis"

REC, Bank of Baroda sign MoU to finance power, infra and logistics projects

The collaboration aims to catalyse transformative projects that will positively impact communities and drive socio-economic progress

Zillion announces launch of rewards-as-a-service platform for brands

The company said it is aiming to onboard banks and large enterprises with an extensive distribution network with the launch of the RaaS portal

DCM Shriram signs MoU with Gujarat govt to invest Rs 12,000 cr by 2028

Currently, the company has significant Chlor Alkali facilities in Bharuch and aims at increasing the existing capacities while adding new products to its Chlor-Alkali portfolio

REC, Bank of Baroda join hands to finance power, infra, logistics projects

State-owned REC Ltd has inked an initial pact with Bank of Baroda to jointly offer loans for power, infrastructure and logistics projects in India over the next three years.

Central Bank of India's loans grow 14.9% to Rs 2.4 trillion in Q3 FY24

The Mumbai-based public sector bank's deposits expanded by 9.52 per cent Y-o-Y to Rs 3.77 trillion at the end of December 2023 from Rs 3.44 trillion a year ago

IndiGo withdraws fuel charge; airfares to reduce by up to Rs 1,000

In the wake of a spike in jet fuel prices, the airline started levying the fuel charge on each domestic and international ticket from October 6, 2023

Burmans' misleading information about chairperson far from truth: Religare

Such misleading information disrupts the operations of the company and misleads the stakeholders, impacting the share value of the company, it said

FMCG cos to witness low topline growth in Q3, volume growth to remain soft

Also, during the year, companies resorted to cutting prices of their products as commodity prices softened, thus also having restricted the growth in revenue in the quarter

Airtel loses 1.2 million users, Jio gains 1.84 million in October: Trai

Trai data suggests that Airtel's market share was flat at 32.85 per cent in October and Jio's share rose to 39.30 per cent

No such thing as EVs vs hybrids, both sister tech: Toyota EVP Gulati

Development of more hybrid cars to assist in lowering EV development costs

IndiGo waives fuel surcharge on domestic, and international flights

IndiGo's fuel charges ranged from Rs 300 to Rs 1,000 per ticket based on distance travelled

State-owned PFC commits Rs 25,000 cr for power sector projects in Gujarat

This substantial financial commitment underscores PFC's steadfast commitment to bolstering the power infrastructure in the region and supporting the state's ambitious initiatives in the power sector

SBI likely to issue perpetual bonds to wrap up FY borrowing: Report

Merchant bankers said the lender may have to pay a higher coupon as they are looking to raise a larger quantum this time

Torrent Power to invest Rs 47,000 cr in renewable energy in Gujarat

Torrent Power has inked four initial pacts with the Gujarat government to invest Rs 47,350 crore in renewable energy, green hydrogen and electricity distribution

Amazon's video ad push expected to generate extra $5 bn in revenue

Amazon's advertising business - mostly search and display ads on its web store - generated $12.1 billion in the quarter ended September 30, about 8.5% of total revenue